Bronte Capital Management Pty Ltd. Sells 864,794 Shares of Herbalife Ltd $HLF

Bronte Capital Management Pty Ltd. trimmed its holdings in Herbalife Ltd (NYSE:HLF) by 38.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,358,989 shares of the company’s stock after selling 864,794 shares during the quarter. Herbalife makes up approximately 1.6% of Bronte Capital Management Pty Ltd.’s holdings, making the stock its 12th biggest position. Bronte Capital Management Pty Ltd. owned 1.32% of Herbalife worth $11,470,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Herbalife in the second quarter worth about $531,000. Fund 1 Investments LLC purchased a new position in Herbalife during the 2nd quarter valued at approximately $8,491,000. Iridian Asset Management LLC CT increased its stake in Herbalife by 9.9% in the 3rd quarter. Iridian Asset Management LLC CT now owns 2,449,155 shares of the company’s stock worth $20,671,000 after acquiring an additional 220,896 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Herbalife during the 3rd quarter worth approximately $532,000. Finally, Geode Capital Management LLC raised its holdings in shares of Herbalife by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 2,810,794 shares of the company’s stock worth $24,231,000 after acquiring an additional 31,077 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Mizuho set a $13.00 target price on shares of Herbalife and gave the company a “neutral” rating in a report on Thursday, January 8th. Maxim Group began coverage on shares of Herbalife in a report on Tuesday, January 6th. They issued a “buy” rating and a $20.00 target price on the stock. Wall Street Zen raised shares of Herbalife from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Argus set a $15.00 price objective on Herbalife in a research note on Wednesday, November 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Herbalife in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Herbalife presently has an average rating of “Moderate Buy” and a consensus target price of $15.80.

Insider Activity

In related news, Director Lynda Cloud bought 17,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $8.97 per share, with a total value of $152,490.00. Following the completion of the purchase, the director owned 38,857 shares of the company’s stock, valued at $348,547.29. This trade represents a 77.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have acquired 18,200 shares of company stock worth $167,938 over the last ninety days. 1.73% of the stock is currently owned by insiders.

Herbalife Price Performance

Herbalife stock opened at $16.87 on Thursday. The firm has a market capitalization of $1.74 billion, a P/E ratio of 5.39 and a beta of 0.84. Herbalife Ltd has a 1-year low of $5.04 and a 1-year high of $17.93. The company’s 50-day moving average is $14.63 and its 200 day moving average is $11.12.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, November 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. Herbalife had a negative return on equity of 29.84% and a net margin of 6.47%.The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Research analysts anticipate that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

About Herbalife

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.